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After strong run, housing sale drop in February

The 13-month string of rising home sales in Massachusetts skidded to a halt in February, as sales dipped 5 percent, the Warren Group reported Tuesday morning.

"Two factors caused this modest drop in February: low inventory and a comparison with a strong previous year of sales," Timothy Warren Jr., CEO of The Warren Group, said in a statement. "Even so, I'm still hopeful for a strong spring market. As more sellers list their homes in the spring, activity will pick back up."

The median home sale price in February surged more than 12 percent above February 2012, to $275,000.

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